Tata and Datsun make a decision to hike vehicle prices from April 2018
News24xx.com - Impact of rising input costs in India, makes the automakers Tata Motors and Nissan India take a big decision. Last week, German luxury carmaker Audi had announced price hike, effective April 1, to pass on the impact of increased customs duty in the Budget.
On April 1 2018, they have announced about increase the prices of their passenger vehicles (PV) by up to IDR 127 million.
"The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase. But we are optimistic of maintaining its growth trajectory in the coming year on the back of a robust product portfolio like Tiago, Hexa, Tigor and Nexon," Tata Motors President for Passenger Vehicle Business, Mayank Pareek said.
The company sells a range of passenger vehicles, from the Gen X Nano to premium SUV Hexa.
Not only Tata, but Nissan said it will increase prices of its vehicles, including products under the Datsun brand, by up to 2 per cent in India from next month.
News24xx.com/dev/red
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